The report forecasts the global autonomous vehicle development platform market to grow at a CAGR of 105.56% during the period 2017-2021.

The latest trend gaining momentum in the market is hyperspectral imaging (HSI) expected to debut in the autonomy space: may highly impact avdp architecture. HSI has been used for more than a decade now. However, it was relatively unknown in comparison to other imaging technologies such as infrared, multispectral, and LiDAR till 2015. It was mostly deployed by government agencies such as NASA and the defense industries. HSI technology is also being adopted by institutions and research centers across the globe.

According to the report, one of the major drivers for this market is improved smartphone ecosystem to act as a growth enabler for the autonomous vehicles market, influencing the global AVDP market growth. The smartphone ecosystem consists of smartphone hardware and software platforms, apps, and infrastructural components such as cloud networking. With improvements in operating systems such as Android and iOS, many apps for navigation, tracking, locating, and obtaining weather information have come into existence. Nearly 74% of the smartphone users use location platforms like Google Maps to get information on directions and locations.

Further, the report states that one of the major factors hindering the growth of this market is cybersecurity breach issues to negatively affect the growth of autonomous vehicles, and thus AVDPs. The current generation of automated vehicles already have more than 50 ECUs and innumerable sensors built on them to enable seamless electronic connectivity. Thus, in addition to having a complex system, these vehicles also face high threat of security breaches as intruders can electronically hack into the operations of these cars due to their connected nature.